Tag Archives: China

China’s 3rd devaluation within 3 days

China lowered in centre band once again for the 3rd day in this week to 1US$ : RMB6.401. For the past 3 days in succession, China had lowered its currency band 3 times. From RMB6.116 to RMB6.2289 to RMB6.3306 and to … Continue reading

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China’s devaluation may spark another currency crises and Asian stock market fallout

China made a surprise move to devalue its chinese yuan to US dollars. The mid-point range is now RMB6.230 instead of RMB6.116, a decrease of approximately 1.8%. This would have indicated that the chinese economy is not doing as well and … Continue reading

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Japan Nikkei and China SSE

Since the post on where to put my money now on 28 Novermber 2015, the stock indices of both China and Japan, being SSE and Nikkei 225, had advanced between 16.8% and 18.4% respectively. In fact, China’s SSE had reached a high … Continue reading

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